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'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
in the light air waiting for faa approval. how long? and we will see how the currency holds up against the dollar across the board gains against the greenback. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> your fox news minutes and president of bombing and the first lady attending the memorial service for this week's bomb attack. former massachusetts governor and presidential nominee mitt romney is among those attending. the president is expected to give remarks following the service. the search for survivors continues after the massive fertilizer plant explosion in west, a texas. between 15 people and dead when m
travelers at some of the nation's busiest airports. yesterday alone the faa said there were more than 400 flight delays nationwide. 47,000 faa workers must take furlough days, including 15,000 air traffic controllers, losing one day of work every other week. that's a 10% reduction in staffing. >> when 70% of your budget of your operating budget is personnel, you cannot avoid when the cuts are as deep as they are in the sequester, the kinds of actions that are taken. >> today the transportation department says it's considering a request from the airline industry to temporarily suspend the delay rule in light of these furloughs. that rule prohibits airlines from keeping passengers on the tarmac for more than three hours. here in the bay area, an average of three air traffic controllers are scheduled to be furloughed in san francisco, oakland and san jose. officials say so far they haven't seen significant delays due to the furloughs here. however, the faa tells us los angeles international experienced delays of more than three hours for some arriving flights last night and that ended up cau
, the sequester. the faa told us they don't have enough people at kennedy so oui not taking off. i said you have to be kidding me? i'm sorry. wield have loved to announce it to people so you could go mack your calls, but the faa has ordered a full stop and we are not allowed to do anything and we have no idea until two minutes ago. >> what about the sequester's impact in a real way on ticket sales particularly for government employees and the like and travel will? i know we reported decent quarters and i know we've been talking about them as investments for the first time ever as opposed to trade. >> there is a concern for business travel and leisure travel. >> the board says on time, and they have no control of whether it's on time. suddenly on time means nothing, david. on time means nothing because if you look at it they don't know. i said, come on, delta has to know. the faa said please tell people it's because we're shorthanded and we don't want to be shorthanded in kennedy when you land, and i thought that was wise. i too, would like enough air traffic controllers to handle kennedy opinion
but this investigation is going beyond that. this is looking at the f.a.a. pros for certifying airplanes. the way it works now is the f.a.a. does rely on the manufacturer because they want to get the planes certified in a timely manner. what the original process found with the battery, maybe it could catch on fire once every 10 million flight hours. what happened were two fires in 52,000 flight hours. since then the battery has been resigned and the company is saying and the government is saying that redesigned battery should be just fine. take a listen. >> we believe that the work that was done on the original battery, that that failure rate was an appropriate failure rate and we believe that we've restored that design intent at this point. >> it's still concerning there's no root cause yet discovered by the company or the government as to why the batteries caught fire. one in the air by japan and the other at boston's logan airport. as for the logan fire, the f.a.a. was asked whether or not there could have been a problem if the plane was in the air and they say they don't know how to make the
caught up in the faa sequester and this is probably the first hand account of sewing th seeing this. >> we were about to take off and the pilot comes back and doesn't see me cnbc. the faa says we don't have enough air traffic controllers to take off. i said is this from delta? the faa wanted to make it very clear to everyone onboard is that the reason we're not taking off is because they're shorthanded. oh, jim kramer from cnbc, would you please get the word out that we're not taking off because the faa said you cannot come from orlando. we're not ready. we don't have enough people. it was pretty amazing. >> it was orlando to where? la guard wra? >> orlando to kennedy. >> it was absolutely not a weather delay. we are ready to go. delta is ready to go. the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because
are set to fly again. friday, the faa approved boeing's battery fix on its 787s. the jets could be in the air within weeks. meanwhile, boeing is slowing down production of its 747-8 jumbo jets because of weak demand for freighters. it is not expected to have a major effect on the jet maker's finances. dripping oil prices are seeping into the cost of gasoline. a gallon of unleaded fell around a nickel over the past week. phill flynn of price futures group joins us now. good morning to you phil. - good morning! usually you have me on when gas prices are going up and you are complaining. i think i should get some credit now that they are coming down. - how low will they go? - i think we could fall another 25ยข a gallon right now, because, let's face it, the cost of crude has been tumbling. in fact, if you look at the cost of brent crude, which has really been following gasoline prices, we are under $100 a barrel, and even opec may not be able to stop it, though they are talking about calling an emergency meeting. so the outlook for the summer driving season looks clear and sunny,
of flying to your vacation destination this summer? reuters is reporting that the faa is expected to handle fewer flights during peak hours because furloughs at control towers. airlines are still trying to understand the impact of those furloughs. that is the latest from the fox business network giving you the power to prosper. tracy: prosecutors say this takes the cake. i like that. adam: ed jersey term. tracy: iris workers stealing benefits, the same workers charged with protecting the system. liz macdonald is here with the bottom line and i can't say we stay in new jersey. liz: good to be with you. this stories in memphis, tenn. dozen irs workers wrongfully charged, being charged with illegally taking government benefits. jobless benefits, food stamps, housing vouchers, welfare, we got a statement from the u.s. attorney on this. iris employees brazenly stealing from law-abiding taxpayers. in the district attorney saying they are freeloaders, doubly frustrated because they are bilking the government money and they know how to work the system being inside the system. we expect better from
cancel, schools closed and that's not lockdown for boston, but it's-- >> it's watertown and f.a.a. has flight restrictions 3 1/2 miles around watertown, the amtrak is not having service from boston to providence. you have the cabs have been stopped and not allowed to pick up any people in the boston area, as well as, you know, it's a fluid changing situation, and the t service, which is the transportation service in and out of the service has also been stopped. while you say not a lockdown, the mayor has said everybody to stay inside. so, you know, it's a lockdown in the boston, watertown, belmont, cambridge, everybody is hunkering down and waiting for this thing to play out. stuart: yes, sir, senator scott brown, we appreciate you being with us. valuable time. appreciate it. >> thank you, sir. keep the faith, everybody. stuart: yes, sir. now, also with me this morning here in new york, monica crowley. i want to establish monica's credentials before we go any further. you've got a ph.d. in security, security, national security, you are an expert on russia and on chechnya, is that corre
Search Results 0 to 8 of about 9